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CNOOC H1 profit rises as oil and gas sales increase by 20.5%

CNOOC Limited on Thursday announced its 2018 interim results for the six months ended June 30, 2018. In the first half of the year, the Company maintained efficient oil and gas production operations with progress and successfully achieved its target. The...

Saipem secures US$700M in contracts for Liza Phase 2 development in Guyana

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana to the tune of 700 million USD. These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil,...

Kosmos on location for new drill campaign at Pontoenoe-1 in Suriname

Kosmos Energy’s Ensco DS-12 drillship is on location approximately 17 km east of the Guyana-Suriname maritime boundary in its new search for hydrocarbons at the Pontoenoe-1 prospect on Block 42 offshore Suriname. OilNOW understands the Ensco DS-12 arrived on location...

SBM Offshore says Liza 2 floater would be its largest capacity FPSO ever to be built

Dutch floater specialist SBM Offshore is awaiting the Liza 2 development sanction in Guyana so it can deliver its largest ever capacity FPSO for the ExxonMobil-operated project. The Company was awarded the Front End Engineering and Design (FEED) study for...

Kosmos in new Suriname oil search on prospects similar to ExxonMobil’s Longtail and Turbot

Kosmos Energy is days away from spudding its latest wildcat off Suriname where the US independent kicked up dust at its most recent well earlier this summer. According to an Upstream report published on Monday, the Dallas-based player will spud...

Noble new foray in Guyana establishes company as primary frontier driller

The addition of a second Noble drillship in the oil-rich waters off the Guyana coast is seen as a major boost for Noble Corporation and the strengthening of its relationship with US oil major, ExxonMobil; the operator in the...

ExxonMobil to implement wide-ranging measures in the event of oil spill in Guyana

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has outlined a number of measures the company will take in the event of an oil spill from its Liza Phase 1 development. The company’s Oil Spill Response Plan (OSRP) was...

Guyana tops the world in discovered resources for first half 2018

Guyana leads the top five countries in the world in terms of total discovered resources added in the first half of 2018, followed by the United States, Cyprus, Oman and Norway… Global discoveries of conventional oil and natural gas are seeing an exciting recovery...

ExxonMobil earns $4 billion in Q2; Guyana among key projects pushing growth plan

Exxon Mobil Corporation announced on Friday, July 27, its estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Guyana continues to play a key role in pushing the company’s...

Guyana ‘uniquely advantaged by scale, reservoir quality, cost and rapid returns’ – Hess

The more than 4 billion oil-equivalent barrels discovered to date in the Stabroek Block offshore Guyana is uniquely advantaged by its scale, reservoir quality, cost, rapid cash paybacks and superior financial returns. John Hess, Chief Executive Officer of Hess Corporation...

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Venezuela has no authority over seismic work in Guyana’s waters – gov’t

Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...